Summary
| Property Type | Investment / Retail |
| Tenure | For Sale |
| Size | 12,772 sq ft |
| Price | Offers in the region of £777,000 |
- Located in a prime location within St Austell town centre.
- Comprises 12,772 sq ft arranged across 3 retail units.
- Freehold.
- 100% of income is secured against Creditsafe ‘Very Low Risk’ rated covenants.
About
The property comprises 2 self-contained retail units fronting Fore St, occupied by H Samuel and Specsavers, with Argos occupying the ground floor of the property, sitting under WH Smith and Boots, facing Aylmer Square. The Argos benefits from rear servicing from Trinity Street. The Boots/WH Smith are sold off on a long-leasehold basis, at a peppercorn.
Downloads
Download Marketing Brochure
Further Information
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Terms
We are instructed to seek offers of £777,000 (Subject to Contract and exclusive of VAT) representing a net initial yield of 10% and £61 per sq ft, assuming standard purchasers’ costs.
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Tenancy
Multi-let to three tenants: Argos Ltd, Signet Trading Ltd and Specsavers Optical Superstores Ltd with a WAULT of 4 years to expiry and 3 years, 8 months to earliest break options. Argos have recently removed their break option, illustrating their commitment to the area. The total current passing rent is £81,952 per annum.
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Tenure
Freehold.
Gallery
